"The purpose of the site is to promote quality time between parents and their children. Parents can make personalized books by replacing the default pictures and character names with ones tailored to their kids. They can also print coloring pages for free - no more buying coloring books! The site allows for user pages which friends and relatives can visit to print their children's pictures and books. All of this for free!"
If this sounds like a great idea to you (like it did to me!) hop on over to Readsake.com and create something fun.